Mortgage Rates Move Lower For Third Straight Day
We're in the middle of a 4 day week culminating in one of the most important events of the year for interest rates . Thursday morning brings the release of the Consumer Price Index (CPI)--an inflation report that has resulted in bigger market movement than any other economic report this year.
Rates have spiked at the fastest pace in 40 years due to inflation and the Federal Reserve's inflation-fighting policies. CPI reports have consistently suggested it's not yet time to back down from those policies. Each new instance of the data offers the opportunity for that to change (or to be reinforced).
The 3 days of this week before the CPI data can't possibly hope to compete. Sure, the news cycle may be focused on mid-term elections, but even the most extreme examples of mid-term r
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